Saudi Aramco held its initial public offering on the Saudi Stock Exchange, known as Tadawul.
The IPO began trading in December 2019 and involved the sale of shares in the Saudi Arabian oil company. The listing was part of Saudi Arabia's broader economic strategy, including efforts associated with Vision 2030 to diversify investment and develop domestic capital markets.
Saudi Aramco's shares were listed on Tadawul rather than first being listed on a major overseas exchange. The company later issued additional shares in a secondary offering in 2024, but that event was not its IPO. Tadawul is the official Saudi exchange name commonly used in English financial coverage, while Saudi Exchange is also used as its English brand. These terms refer to the same domestic market in this context.